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ABL Space Systems has raised $170 million in a round of Series B financing led by accounts and funds advised by global investment management firm T. Rowe Price Associates. Existing investors, Fidelity Management and Research and an unnamed global investment management firm participated in the new funding round that values ABL at $1.3 billion.More
Lockheed Martin's space business conducted a demonstration of its wideband electronically steerable antenna payload that is capable of performing missions on orbit faster than traditional sensors. The Tantrum payload demonstrator is expected to be onboard Firefly Aerospace's Alpha launch vehicle when it lifts off in December, Lockheed announced Monday.More
Frontier Technology Inc. will establish its Operational Research Bridge for Innovation and Technology Center in Colorado Springs, Colorado, to facilitate secure collaboration and knowledge transfer in the space operations domain. FTI will invest $15 million in the construction of the new 46,000-square-foot secure facility and create 200 job opportunities in advanced visualization, artificial intelligence, cybersecurity, data science and software engineering, the Colorado Springs Chamber & Economic Development Corporation announced Tuesday.More
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